Connor Clark & Lunn Investment Management Ltd. Invests $1.90 Million in Capitol Federal Financial $CFFN

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Capitol Federal Financial (NASDAQ:CFFN) in the second quarter, HoldingsChannel.com reports. The fund purchased 223,471 shares of the savings and loans company’s stock, valued at approximately $1,902,000.

Several other large investors have also bought and sold shares of the business. Commerce Bank bought a new position in Capitol Federal Financial in the second quarter valued at approximately $157,000. Ieq Capital LLC acquired a new stake in Capitol Federal Financial during the 2nd quarter worth $4,226,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Capitol Federal Financial during the 2nd quarter valued at $94,000. OneAscent Investment Solutions LLC bought a new stake in shares of Capitol Federal Financial during the 2nd quarter valued at $99,000. Finally, Allworth Financial LP acquired a new position in shares of Capitol Federal Financial in the 2nd quarter valued at $37,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Capitol Federal Financial Stock Up 0.2%

Shares of NASDAQ CFFN opened at $8.66 on Friday. Capitol Federal Financial has a 52-week low of $5.97 and a 52-week high of $9.26. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $1.09 billion, a P/E ratio of 13.32 and a beta of 0.68. The firm has a 50 day moving average price of $8.63 and a 200 day moving average price of $7.92.

Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $60.15 million for the quarter, compared to analyst estimates of $58.65 million. Capitol Federal Financial had a net margin of 18.69% and a return on equity of 8.01%.

Capitol Federal Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.085 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.9%. Capitol Federal Financial’s dividend payout ratio is currently 52.31%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler raised their price target on Capitol Federal Financial from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. New Street Research set a $10.00 price objective on Capitol Federal Financial in a report on Thursday, July 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Capitol Federal Financial in a report on Friday, August 7th. Finally, Benchmark initiated coverage on Capitol Federal Financial in a research note on Wednesday, July 8th. They issued a “buy” rating and a $10.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Capitol Federal Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Capitol Federal Financial Profile

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.